Since the presentation of the new currency by the Central Bank of Nigeria governor, Mr. Godwin Emefiele before president Muhammad Buhari and the Federal Executive Council, the CBN governor, and his team have faced a lot of backlashes and harsh criticism from Nigerians over the design of the new currency; basically because of the colour and lack of unique design on the new currency. 

I guess Nigerians were expecting something more flashy and fundamentally different from the current currency notes but they were disappointed, hence the reason they are pouring out their anger and distastefulness of the new currency. 

The critics of the Central Bank governor is forgetting the fact that the intent of the  CBN governor (which he had on numerous occasions made obvious and had always emphasized) that the purpose of the redesign of the currency is simple; force cash hoarders to pump back the cash they are hoarding back into the banking systems. The plan for the redesign was never to make something unique or flashy, I’m sure if the central bank wanted to make something flashy or more beautiful, they could have engaged some renowned international designers like Louis Vuitton or even Gucci to do the job.

For the umpteenth time, the Naira notes were not redesigned for beauty or aesthetics. It was redesigned for economic and security reasons and so far it has achieved exactly that.

Nigerians must learn to see some good in some policies and the implantation of policies of the government. That over 80% of previously printed cash is outside the banking confer and cannot be accounted for is no good, this is the primary reason for the redesign; a means and tactics to assimilate back those cash into the system.

Politicians, civil servants, criminals, money launderers, etc are hoarding so much cash outside the banking sector which ought not to be so, and this is one of the major causes of galloping inflation.

The CBN also wants to use this as an avenue to go back hard on the cashless policy and implement it by drastically reducing the volume of cash in circulation. This is also another good reason for the redesign of the naira notes.

Finally, Nigerians also have to grasp the fact that the Printing of this new currency is also an avenue for making money for the government. Not just in Nigeria, most countries of the world raise revenue by printing currencies and this is called seigniorage.

There is a lot of glamour that comes with being a professional poker player. The allure of traveling to glamorous locations, sitting in luxurious casinos and earning a fortune playing cards is hard to resist. However, the life of a professional poker player is not all glitz and glamour. There are highs and lows that come with the job, and it takes a special person to be able to handle both the good and bad times. In this article, we will take a look at the highs and lows of professional poker players’ lives.

Highs 

The most obvious high that professional poker players experience is the potential to make a great living. Professional poker players can play in tournaments or cash games and can potentially earn hundreds of thousands of dollars in a single tournament or cash game. This is especially true for professional online poker players who have access to higher stakes games and may be able to earn more money with fewer actual hours spent playing.

There is also the high of being able to work your own hours and be your own boss. When professional poker players leave the casino or log off from their online gaming session, they are in charge of how much time is spent playing and where. This can be a great feeling for those who want the freedom to work on their own terms.

Travel is another high associated with professional poker players. Being able to fly around the world to play in different tournaments and cash games is an amazing experience, especially when attending some of the most famous casinos in Las Vegas or Monte Carlo. This can also be a great way to explore the culture of different countries while simultaneously playing professional poker.

Lows 

Professional poker players can also experience some lows, such as large swings in winnings. Poker has variance, which means that professional poker players may have periods of time when they are losing money and other times where they will be winning big. This can be difficult to cope with as there is no guarantee that wins will always come. Professional poker players must also contend with long hours at the tables, tiredness, stress and boredom – all of which can take its toll over time.

One major low is that professional poker players often experience long losing streaks. This means they might go weeks or months without making any money, despite spending countless hours playing cards. Playing professional poker also requires an immense amount of discipline when it comes to managing bankrolls, as well as strict bankroll management. This means professional poker players must be able to walk away from the tables when they are losing too much money and still make a living.

Finally, professional poker players may also experience stigma from their peers as well as society in general. The fact that professional poker is often considered gambling can lead to negative connotations for those who choose it as a profession. Professional poker players must also contend with being labeled “degenerates” by some people in the public eye, which can be difficult to deal with. You can grab a poker bonus here.

Overall, poker players can experience both highs and lows on their journey towards becoming successful professional poker players. While there are potential rewards associated with the job, professional poker players must remember that it takes dedication and hard work to become successful – you aren’t going to become the next Phil Ivey but cutting corners. In addition, professional poker players must also be prepared for the potential downsides of the job, such as long losing streaks and stigmas from society. With a strong commitment to their career, professional poker players can experience the highs of a professional poker lifestyle.

The takeaway: Poker is an exciting profession with potential highs and lows that come with it. Professional poker players need to maintain discipline when it comes to managing bankrolls, have a good understanding of variance and must be prepared to experience public stigma at times. With dedication and hard work, professional poker players can enjoy lucrative rewards in this competitive industry.